Asset Recovery Tips for Lenders
in Asset-Based Lending:
Part I: Involuntary Bankruptcy Proceedings Against Unscrupulous Borrowers
By Inez M. Markovich, Esquire, and Ashley A. Federer, Esquire
Compared with other forms of secured lending, asset-based lending is particularly
susceptible to fraud. In a hypothetical situation, a lender suspects a clothing
manufacturer is reporting ;ctitious sales and pursues involuntary bankruptcy
proceedings. First of a two-part series.